@Dean HulsingI'd read and re-read @Joel @Joel Owenspost because it's spot on. 

Re-read what @Royce Talbo said for my opinion.  

Just reread that they came directly to you!

Whether I use all cash to purchase or use a HML, if I perform a refi to cash out, I am limited to cashing out only the purchase and closing costs.I've re-read your post several times.  

Please re-read the content on our website and your comment above - "Renovated comparable properties in the area have been known to sell for as high as $90,000 with a recent sale across the road selling for $48,000".Please see screen shots below:All of the recent comparable sales you mention are foreclosures.

I'll get his next book after i'm done re-reading and taking notes on his ABCs book.  

It seems as though 804C provides the limitations on showing any preference as to who you are looking for. 803 almost seems to counteract this with us having under 3 properties until I reread the line "Nothing in section 804 of this title (other than subsection (c) ) shall apply to". 

I have to go back and re-read it!

To follow up on your post, I re-read and see you did call them.

Will re-read all the responses tomorrow and write a more thorough post tomorrow.Thanks,Preetham